18 Feb 2016
GBP/USD keeps pushing higher, near 1.4380
The sterling has recovered the smile on Thursday, now lifting GBP/USD to fresh highs near 1.4380.
GBP/USD firmer on risk, EUR/GBP
Increasing risk appetite continues to rein in global markets during the European afternoon, pushing spot to fresh peaks in the upper-1.4300s. In addition, the offered tone in EUR/GBP via a lower euro is also collaborating with the pair’s upside.
Previously, GBP has found additional buying interest in response to comments by BoE’s J.Cunliffe, who sees no reasons to change the outlook for the rate hike by the BoE.
GBP/USD levels to consider
As of writing the pair is up 0.55% at 1.4368 facing the next hurdle at 1.4399 (20-day sma) followed by 1.4522 (38.2% Fibo of 1.5240-1.4079) and finally 1.4621 (55-day sma). On the other hand, a breach of 1.4200 (psychological level) would aim for 1.4171 (low Jan.26) and then 1.4147 (low Jan.29).
GBP/USD firmer on risk, EUR/GBP
Increasing risk appetite continues to rein in global markets during the European afternoon, pushing spot to fresh peaks in the upper-1.4300s. In addition, the offered tone in EUR/GBP via a lower euro is also collaborating with the pair’s upside.
Previously, GBP has found additional buying interest in response to comments by BoE’s J.Cunliffe, who sees no reasons to change the outlook for the rate hike by the BoE.
GBP/USD levels to consider
As of writing the pair is up 0.55% at 1.4368 facing the next hurdle at 1.4399 (20-day sma) followed by 1.4522 (38.2% Fibo of 1.5240-1.4079) and finally 1.4621 (55-day sma). On the other hand, a breach of 1.4200 (psychological level) would aim for 1.4171 (low Jan.26) and then 1.4147 (low Jan.29).